DMEPOS Medicare Bond Requirement Changes
The Center for Medicare and Medicaid Services (CMS) sent notice regarding bond requirement changes. Durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) supplies will receive letters in January of 2019 announcing dentists are no longer exempt. Dentists will be required to purchase DMEPOS medicare bonds.
Guide Insurance Services Can Help
As an independent insurance agency we work with several surety carriers that can assist with the required DMEPOS medicare bonds. Working with an independent agent is free and allows you to review options as rates for these bonds can vary.
The CMS bond requirement
- The bond must be obtained through an authorized Surety company
- Minimum bond amount is $50,000 per location
- Bond must be obtained within 60 days of receipt of the letter
- Bond will be required in order to maintain Medicare Provider Transaction Access Number (PTAN)
What to do when you receive the letter from the Center for Medicare and Medicaid Services
Give us a call at 888-335-5206 or send an email to firstname.lastname@example.org.